Karla Cruz of EVERTEC, Inc. Sells $73,540 in Stock

In a recent transaction on March 7th, Karla Cruz, the Chief Accounting Officer (CAO) of EVERTEC, Inc. (NYSE: EVTC), sold 2,000 shares of the company’s stock. The shares were sold at an average price of $36.77, amounting to a total value of $73,540.00. After this sale, Cruz now owns 18,065 shares of EVERTEC, valued at approximately $664,250.05. This sale marks a significant reduction of 9.97% in their ownership of the company’s stock. The details of this transaction have been filed with the Securities and Exchange Commission (SEC) and can be accessed through the SEC's official website.

Performance of EVERTEC Stock

During trading on Friday, EVERTEC's shares experienced a minor decline of $0.22, bringing the price down to $37.24. In total, 368,392 shares were traded, exceeding the average trading volume of 331,232 shares. The company's 50-day moving average is currently $33.69, while the 200-day moving average stands at $33.89. EVERTEC's financial ratios include a debt-to-equity ratio of 1.84, a current ratio of 1.97, and a quick ratio also at 1.97. EVERTEC, Inc. has a market capitalization of $2.37 billion, a price-to-earnings (P/E) ratio of 29.09, and a P/E/G ratio of 1.43, with a beta of 1.15. Over the past year, the stock hit a low of $28.76 and a high of $40.67.

Diving into Dividends

In addition to recent trading activity, EVERTEC has also announced a quarterly dividend payment, which is set to be distributed on March 21st. Shareholders who were on record as of March 3rd will receive a dividend of $0.05 per share. The ex-dividend date for this payment was also March 3rd, leading to an annualized dividend of $0.20 and a yield of 0.54%. The payout ratio for EVERTEC stands at 11.56%.

Institutional Activity in EVERTEC

There has been notable activity from institutional investors in EVERTEC shares. Recently, Universal Beteiligungs und Servicegesellschaft mbH made a new investment in EVERTEC, amounting to $3,108,000 in the fourth quarter. Similarly, Mackenzie Financial Corp entered with a position worth $368,000 in the same quarter. North Star Asset Management Inc. increased its holdings in EVERTEC by 3.6%, bringing their total to 794,171 shares worth approximately $27,423,000 after acquiring an additional 27,911 shares. Other notable investors included Vident Advisory LLC, which bought in for $260,000, and Two Sigma Advisers LP, which boosted its position by 98.2%, reaching a total of 121,500 shares valued at $4,195,000. Currently, a significant 96.80% of EVERTEC's shares are owned by institutional investors and hedge funds.

Analyst Opinions on EVERTEC

Several investment firms have offered their insights on EVERTEC's stock. William Blair maintained an “outperform” rating on EVERTEC shares as of February 27th. Additionally, Susquehanna upgraded the stock from a “negative” to a “neutral” rating, lifting their price target from $28.00 to $30.00. Morgan Stanley also revised its outlook, changing its rating from “underweight” to “equal weight” and increasing the target price from $33.00 to $35.00 as of November 21st.

About EVERTEC

EVERTEC, Inc. specializes in transaction processing and financial technology services across Latin America and the Caribbean. The company operates through four main business segments: Payment Services in Puerto Rico and Caribbean, Latin America Payments and Solutions, Merchant Acquiring, and Business Solutions. It provides services that enable merchants to accept varying electronic payment methods like debit, credit, and prepaid cards, along with electronic benefit transfer (EBT) cards.

Stock, Transaction, Dividend